Distributed Energy Resource Management System Market
PUBLISHED: 2022 ID: SMRC21250
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Distributed Energy Resource Management System Market

Distributed Energy Resource Management System Market Forecasts to 2028 – Global Analysis By Component (Software, Services), Application (Solar PV, Biomass, Biogas), End User (Industrial, Residential) and By Geography

4.1 (30 reviews)
4.1 (30 reviews)
Published: 2022 ID: SMRC21250

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Projected Year Value (2028)

US $726.45 MN

CAGR (2021 - 2028)

20.4 %

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

The Global Distributed Energy Resource Management System Market is estimated to reach $726.45 million by 2028, rising at a CAGR of 20.4% during the forecast period, according to Stratistics MRC. A distributed energy resource management system (DERMS) enables utilities to manage distribution grids connected to a range of distributed energy generation (DEG) assets and capitalises on the benefits of distributed resources such as behind-the-meter and bigger utility-grade resources. They are critical in meeting the increased energy demand.

Market Dynamics:

Driver:

Increasing government requirements in favour of renewable energy initiatives

Because of rising energy demand, renewable energy output has been fast increasing. The rising need for clean energy, also known as green energy, and renewables such as solar, biomass, wind and tide energy drives market demand. Furthermore, traditional energy-generating sources such as fossil fuels, coal, and natural gas contribute significantly to carbon emissions. Renewable sources, such as wind and solar energy, are progressively replacing fossil fuels, driving market expansion.


Restraint:

Higher initial installation costs 


The early step of deploying a distributed energy resource management system is capital expensive. The system necessitates large initial investments to establish the transmission network between customers and the smart grid. High post-deployment operations and maintenance expenses are also major problems for power companies.

Opportunity:

Increasing government initiatives


Government actions to support the installation of DERMS contribute to the worldwide market's growth. For example, the US government has launched several initiatives, including policies and incentives such as USDA- Rural Energy for America Program (REAP) Grants, Residential Renewable Energy Tax Credit, and corporate tax breaks, all of which boost market growth and encourage the installation of DERMS in the country.

Threat:

Installation challenges of DERMS


The implementation of DERMS by utilities and grid operators faces technological obstacles. For example, a reasonably accurate depiction of the distribution system is required to reap all of the benefits of DERMS, including how and where loads and DERs are connected.

The industrial segment is predicted to be the largest during the projection period

Because of the increasing need for electricity in the industrial sector and the necessity to properly utilise the power, there is a high demand for DERMS. As a result, rising industrial demand is propelling market segment expansion.

During the projection period, the software segment is predicted to have the greatest CAGR

DERMS software enables the collection of thousands of electricity providers, consumers, and storage units. It also enables them to provide power and flexibility in various markets by intelligently regulating their feed-in and consumption. Virtual power plant software provides grid services such as demand response, frequency regulation, and operational reserves.

A region with the largest share:

The Asia Pacific region is expected to have the greatest market share due to rising demand for renewable energy resources in emerging nations such as India and China. The area is primarily driven by rising power consumption and the need to repair ageing infrastructure. This region's countries focus on energy efficiency in residential buildings to tackle rising energy demands.

The region with the highest CAGR:

North America is expected to have the highest CAGR, owing to the increased use of renewable energy and rising demand for more advanced security systems. Furthermore, North America's massive increase in power consumption boosts market development. Furthermore, the increased deployment of IoT and associated services fuel market development in North America.



Key players in the market:

Some of the pivotal players profiled in the Distributed Energy Resource Management System Market include Emerson, General Electric, Schneider Electric, Advanced Control Systems, ABB, Siemens, Open Access Technology International, Oracle, Mitsubishi Electric Corporation, PXiSE Energy Solutions, LLC, Inc., Sunverge Energy Inc and EnerNOC, Inc.

Key developments:

Schneider Electric announced EcoStruxure DERMS in November 2019 to enable centralised analysis and control of all types of DERs, independent of ownership entity, in order to bring value to the grid and all energy stakeholders.

Siemens and Macquarie's Green Investment Group formed a joint venture in October 2020 to provide onsite Energy-as-a-Service (EaaS) solutions to their customers, which include corporate and industrial clients, municipalities, universities, schools, and hospitals.

ABB cooperated with the US technology supplier Humless on a residential energy storage system (ESS) with solar management in September 2019.


Components Covered:
• Services
• Software

Applications Covered:
• Solar Photovoltaic (PV) Units
• Hybrid Systems
• Biomass
• Combined Heat & Power Generation Systems
• Internal Combustion Engines
• Fuel Cells
• Stirling Engines
• Electric Vehicles (EV) Charging Stations
• Geothermal Power
• Wind Generation Units
• Micro Turbines & Microgrids
• Biogas
• Energy Storage/Uninterruptible Power Source (UPS) Systems

End Users Covered:
• Industrial
• Commercial
• Defense
• Residential
• Government and Municipalities

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our research includes:
- Market share estimates for regional and country level segments
- Strategic suggestions for new entries
- Includes market statistics for 2020, 2021, 2022, 2025, and 2028.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
- Mapping the most common patterns in competitive landscaping
- Profile of the company, including specific strategy, financials, and current developments
- Supply chain trends that track the most recent technology breakthroughs

Offerings for Free Customization:
All purchasers of this report will be eligible for one of the following free customisation options:
• Organizational Profiling
o Extensive profiling of other market participants (up to 3)
o Key Player SWOT Analysis (up to 3)
• Regional Segmentation o Market estimates, forecasts, and CAGR of any important nation of interest to the customer (Note: Depends on feasibility check)
o Competitive benchmarking o Product portfolio, geographical presence, and strategic relationships benchmarking of major players

 

Table of Contents

1 Executive Summary   
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   
 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 Application Analysis  
 3.7 End User Analysis  
 3.8 Emerging Markets  
 3.9 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Distributed Energy Resource Management System Market, By Component   
 5.1 Introduction  
 5.2 Services  
 5.3 Software  
  5.3.1 Distribution Management Software & Control 
  5.3.2 Analytics 
  5.3.3 Virtual Power Plant (VPP) Software & Simulation 
    
6 Global Distributed Energy Resource Management System Market, By Application   
 6.1 Introduction  
 6.2 Hybrid Systems  
 6.3 Biomass  
 6.4 Energy Storage/Uninterruptible Power Source (UPS) Systems  
 6.5 Internal Combustion Engines  
 6.6 Fuel Cells  
 6.7 Stirling Engines  
 6.8 Electric Vehicles (EV) Charging Stations  
 6.9 Combined Heat & Power Generation Systems  
 6.10 Geothermal Power  
 6.11 Wind Generation Units  
 6.12 Micro Turbines & Microgrids  
 6.13 Biogas  
 6.14 Solar Photovoltaic (PV) Units  
    
7 Global Distributed Energy Resource Management System Market, By End User   
 7.1 Introduction  
 7.2 Government and Municipalities  
 7.3 Commercial  
 7.4 Defense  
 7.5 Residential  
 7.6 Industrial  
    
8 Global Distributed Energy Resource Management System Market, By Geography   
 8.1 Introduction  
 8.2 North America  
  8.2.1 US 
  8.2.2 Canada 
  8.2.3 Mexico 
 8.3 Europe  
  8.3.1 Germany 
  8.3.2 UK 
  8.3.3 Italy 
  8.3.4 France 
  8.3.5 Spain 
  8.3.6 Rest of Europe 
 8.4 Asia Pacific  
  8.4.1 Japan 
  8.4.2 China 
  8.4.3 India 
  8.4.4 Australia 
  8.4.5 New Zealand 
  8.4.6 South Korea 
  8.4.7 Rest of Asia Pacific 
 8.5 South America  
  8.5.1 Argentina 
  8.5.2 Brazil 
  8.5.3 Chile 
  8.5.4 Rest of South America 
 8.6 Middle East & Africa  
  8.6.1 Saudi Arabia 
  8.6.2 UAE 
  8.6.3 Qatar 
  8.6.4 South Africa 
  8.6.5 Rest of Middle East & Africa 
    
9 Key Developments   
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 9.2 Acquisitions & Mergers  
 9.3 New Product Launch  
 9.4 Expansions  
 9.5 Other Key Strategies  
    
10 Company Profiling   
 10.1 Schneider Electric  
 10.2 Emerson  
 10.3 General Electric  
 10.4 ABB  
 10.5 Siemens  
 10.6 Oracle  
 10.7 Mitsubishi Electric Corporation  
 10.8 Advanced Control Systems  
 10.9 PXiSE Energy Solutions, LLC  
 10.10 Open Access Technology International, Inc.  
 10.11 Sunverge Energy Inc  
 10.12 EnerNOC, Inc.  


List of Tables    
1 Global Distributed Energy Resource Management System Market Outlook, By Region (2021-2028) ($MN)   
2 Global Distributed Energy Resource Management System Market Outlook, By Component (2021-2028) ($MN)   
3 Global Distributed Energy Resource Management System Market Outlook, By Services (2021-2028) ($MN)   
4 Global Distributed Energy Resource Management System Market Outlook, By Software (2021-2028) ($MN)   
5 Global Distributed Energy Resource Management System Market Outlook, By Distribution Management Software & Control (2021-2028) ($MN)   
6 Global Distributed Energy Resource Management System Market Outlook, By Analytics (2021-2028) ($MN)   
7 Global Distributed Energy Resource Management System Market Outlook, By Virtual Power Plant (VPP) Software & Simulation (2021-2028) ($MN)   
8 Global Distributed Energy Resource Management System Market Outlook, By Application (2021-2028) ($MN)   
9 Global Distributed Energy Resource Management System Market Outlook, By Hybrid Systems (2021-2028) ($MN)   
10 Global Distributed Energy Resource Management System Market Outlook, By Biomass (2021-2028) ($MN)   
11 Global Distributed Energy Resource Management System Market Outlook, By Energy Storage/Uninterruptible Power Source (UPS) Systems (2021-2028) ($MN)   
12 Global Distributed Energy Resource Management System Market Outlook, By Internal Combustion Engines (2021-2028) ($MN)   
13 Global Distributed Energy Resource Management System Market Outlook, By Fuel Cells (2021-2028) ($MN)   
14 Global Distributed Energy Resource Management System Market Outlook, By Stirling Engines (2021-2028) ($MN)   
15 Global Distributed Energy Resource Management System Market Outlook, By Electric Vehicles (EV) Charging Stations (2021-2028) ($MN)   
16 Global Distributed Energy Resource Management System Market Outlook, By Combined Heat & Power Generation Systems (2021-2028) ($MN)   
17 Global Distributed Energy Resource Management System Market Outlook, By Geothermal Power (2021-2028) ($MN)   
18 Global Distributed Energy Resource Management System Market Outlook, By Wind Generation Units (2021-2028) ($MN)   
19 Global Distributed Energy Resource Management System Market Outlook, By Micro Turbines & Microgrids (2021-2028) ($MN)   
20 Global Distributed Energy Resource Management System Market Outlook, By Biogas (2021-2028) ($MN)   
21 Global Distributed Energy Resource Management System Market Outlook, By Solar Photovoltaic (PV) Units (2021-2028) ($MN)   
22 Global Distributed Energy Resource Management System Market Outlook, By End User (2021-2028) ($MN)   
23 Global Distributed Energy Resource Management System Market Outlook, By Government and Municipalities (2021-2028) ($MN)   
24 Global Distributed Energy Resource Management System Market Outlook, By Commercial (2021-2028) ($MN)   
25 Global Distributed Energy Resource Management System Market Outlook, By Defense (2021-2028) ($MN)    
26 Global Distributed Energy Resource Management System Market Outlook, By Residential (2021-2028) ($MN)   
27 Global Distributed Energy Resource Management System Market Outlook, By Industrial (2021-2028) ($MN)   
28 North America Distributed Energy Resource Management System Market Outlook, By Country (2021-2028) ($MN)   
29 North America Distributed Energy Resource Management System Market Outlook, By Component (2021-2028) ($MN)   
30 North America Distributed Energy Resource Management System Market Outlook, By Services (2021-2028) ($MN)   
31 North America Distributed Energy Resource Management System Market Outlook, By Software (2021-2028) ($MN)   
32 North America Distributed Energy Resource Management System Market Outlook, By Distribution Management Software & Control (2021-2028) ($MN)   
33 North America Distributed Energy Resource Management System Market Outlook, By Analytics (2021-2028) ($MN)   
34 North America Distributed Energy Resource Management System Market Outlook, By Virtual Power Plant (VPP) Software & Simulation (2021-2028) ($MN)   
35 North America Distributed Energy Resource Management System Market Outlook, By Application (2021-2028) ($MN)   
36 North America Distributed Energy Resource Management System Market Outlook, By Hybrid Systems (2021-2028) ($MN)   
37 North America Distributed Energy Resource Management System Market Outlook, By Biomass (2021-2028) ($MN)   
38 North America Distributed Energy Resource Management System Market Outlook, By Energy Storage/Uninterruptible Power Source (UPS) Systems (2021-2028) ($MN)   
39 North America Distributed Energy Resource Management System Market Outlook, By Internal Combustion Engines (2021-2028) ($MN)   
40 North America Distributed Energy Resource Management System Market Outlook, By Fuel Cells (2021-2028) ($MN)   
41 North America Distributed Energy Resource Management System Market Outlook, By Stirling Engines (2021-2028) ($MN)   
42 North America Distributed Energy Resource Management System Market Outlook, By Electric Vehicles (EV) Charging Stations (2021-2028) ($MN)   
43 North America Distributed Energy Resource Management System Market Outlook, By Combined Heat & Power Generation Systems (2021-2028) ($MN)   
44 North America Distributed Energy Resource Management System Market Outlook, By Geothermal Power (2021-2028) ($MN)   
45 North America Distributed Energy Resource Management System Market Outlook, By Wind Generation Units (2021-2028) ($MN)   
46 North America Distributed Energy Resource Management System Market Outlook, By Micro Turbines & Microgrids (2021-2028) ($MN)   
47 North America Distributed Energy Resource Management System Market Outlook, By Biogas (2021-2028) ($MN)   
48 North America Distributed Energy Resource Management System Market Outlook, By Solar Photovoltaic (PV) Units (2021-2028) ($MN)   
49 North America Distributed Energy Resource Management System Market Outlook, By End User (2021-2028) ($MN)   
50 North America Distributed Energy Resource Management System Market Outlook, By Government and Municipalities (2021-2028) ($MN)   
51 North America Distributed Energy Resource Management System Market Outlook, By Commercial (2021-2028) ($MN)   
52 North America Distributed Energy Resource Management System Market Outlook, By Defense (2021-2028) ($MN)   
53 North America Distributed Energy Resource Management System Market Outlook, By Residential (2021-2028) ($MN)   
54 North America Distributed Energy Resource Management System Market Outlook, By Industrial (2021-2028) ($MN)   
55 Europe Distributed Energy Resource Management System Market Outlook, By Country (2021-2028) ($MN)   
56 Europe Distributed Energy Resource Management System Market Outlook, By Component (2021-2028) ($MN)   
57 Europe Distributed Energy Resource Management System Market Outlook, By Services (2021-2028) ($MN)   
58 Europe Distributed Energy Resource Management System Market Outlook, By Software (2021-2028) ($MN)   
59 Europe Distributed Energy Resource Management System Market Outlook, By Distribution Management Software & Control (2021-2028) ($MN)   
60 Europe Distributed Energy Resource Management System Market Outlook, By Analytics (2021-2028) ($MN)   
61 Europe Distributed Energy Resource Management System Market Outlook, By Virtual Power Plant (VPP) Software & Simulation (2021-2028) ($MN)   
62 Europe Distributed Energy Resource Management System Market Outlook, By Application (2021-2028) ($MN)   
63 Europe Distributed Energy Resource Management System Market Outlook, By Hybrid Systems (2021-2028) ($MN)   
64 Europe Distributed Energy Resource Management System Market Outlook, By Biomass (2021-2028) ($MN)   
65 Europe Distributed Energy Resource Management System Market Outlook, By Energy Storage/Uninterruptible Power Source (UPS) Systems (2021-2028) ($MN)   
66 Europe Distributed Energy Resource Management System Market Outlook, By Internal Combustion Engines (2021-2028) ($MN)   
67 Europe Distributed Energy Resource Management System Market Outlook, By Fuel Cells (2021-2028) ($MN)   
68 Europe Distributed Energy Resource Management System Market Outlook, By Stirling Engines (2021-2028) ($MN)   
69 Europe Distributed Energy Resource Management System Market Outlook, By Electric Vehicles (EV) Charging Stations (2021-2028) ($MN)   
70 Europe Distributed Energy Resource Management System Market Outlook, By Combined Heat & Power Generation Systems (2021-2028) ($MN)   
71 Europe Distributed Energy Resource Management System Market Outlook, By Geothermal Power (2021-2028) ($MN)   
72 Europe Distributed Energy Resource Management System Market Outlook, By Wind Generation Units (2021-2028) ($MN)   
73 Europe Distributed Energy Resource Management System Market Outlook, By Micro Turbines & Microgrids (2021-2028) ($MN)   
74 Europe Distributed Energy Resource Management System Market Outlook, By Biogas (2021-2028) ($MN)   
75 Europe Distributed Energy Resource Management System Market Outlook, By Solar Photovoltaic (PV) Units (2021-2028) ($MN)   
76 Europe Distributed Energy Resource Management System Market Outlook, By End User (2021-2028) ($MN)   
77 Europe Distributed Energy Resource Management System Market Outlook, By Government and Municipalities (2021-2028) ($MN)   
78 Europe Distributed Energy Resource Management System Market Outlook, By Commercial (2021-2028) ($MN)   
79 Europe Distributed Energy Resource Management System Market Outlook, By Defense (2021-2028) ($MN)   
80 Europe Distributed Energy Resource Management System Market Outlook, By Residential (2021-2028) ($MN)   
81 Europe Distributed Energy Resource Management System Market Outlook, By Industrial (2021-2028) ($MN)   
82 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Country (2021-2028) ($MN)   
83 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Component (2021-2028) ($MN)   
84 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Services (2021-2028) ($MN)   
85 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Software (2021-2028) ($MN)   
86 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Distribution Management Software & Control (2021-2028) ($MN)   
87 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Analytics (2021-2028) ($MN)   
88 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Virtual Power Plant (VPP) Software & Simulation (2021-2028) ($MN)   
89 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Application (2021-2028) ($MN)   
90 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Hybrid Systems (2021-2028) ($MN)   
91 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Biomass (2021-2028) ($MN)   
92 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Energy Storage/Uninterruptible Power Source (UPS) Systems (2021-2028) ($MN)   
93 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Internal Combustion Engines (2021-2028) ($MN)   
94 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Fuel Cells (2021-2028) ($MN)   
95 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Stirling Engines (2021-2028) ($MN)   
96 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Electric Vehicles (EV) Charging Stations (2021-2028) ($MN)   
97 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Combined Heat & Power Generation Systems (2021-2028) ($MN)   
98 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Geothermal Power (2021-2028) ($MN)   
99 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Wind Generation Units (2021-2028) ($MN)   
100 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Micro Turbines & Microgrids (2021-2028) ($MN)   
101 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Biogas (2021-2028) ($MN)   
102 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Solar Photovoltaic (PV) Units (2021-2028) ($MN)   
103 Asia Pacific Distributed Energy Resource Management System Market Outlook, By End User (2021-2028) ($MN)   
104 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Government and Municipalities (2021-2028) ($MN)   
105 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Commercial (2021-2028) ($MN)   
106 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Defense (2021-2028) ($MN)   
107 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Residential (2021-2028) ($MN)   
108 Asia Pacific Distributed Energy Resource Management System Market Outlook, By Industrial (2021-2028) ($MN)   
109 South America Distributed Energy Resource Management System Market Outlook, By Country (2021-2028) ($MN)   
110 South America Distributed Energy Resource Management System Market Outlook, By Component (2021-2028) ($MN)   
111 South America Distributed Energy Resource Management System Market Outlook, By Services (2021-2028) ($MN)   
112 South America Distributed Energy Resource Management System Market Outlook, By Software (2021-2028) ($MN)   
113 South America Distributed Energy Resource Management System Market Outlook, By Distribution Management Software & Control (2021-2028) ($MN)   
114 South America Distributed Energy Resource Management System Market Outlook, By Analytics (2021-2028) ($MN)   
115 South America Distributed Energy Resource Management System Market Outlook, By Virtual Power Plant (VPP) Software & Simulation (2021-2028) ($MN)   
116 South America Distributed Energy Resource Management System Market Outlook, By Application (2021-2028) ($MN)   
117 South America Distributed Energy Resource Management System Market Outlook, By Hybrid Systems (2021-2028) ($MN)   
118 South America Distributed Energy Resource Management System Market Outlook, By Biomass (2021-2028) ($MN)   
119 South America Distributed Energy Resource Management System Market Outlook, By Energy Storage/Uninterruptible Power Source (UPS) Systems (2021-2028) ($MN)   
120 South America Distributed Energy Resource Management System Market Outlook, By Internal Combustion Engines (2021-2028) ($MN)   
121 South America Distributed Energy Resource Management System Market Outlook, By Fuel Cells (2021-2028) ($MN)   
122 South America Distributed Energy Resource Management System Market Outlook, By Stirling Engines (2021-2028) ($MN)   
123 South America Distributed Energy Resource Management System Market Outlook, By Electric Vehicles (EV) Charging Stations (2021-2028) ($MN)   
124 South America Distributed Energy Resource Management System Market Outlook, By Combined Heat & Power Generation Systems (2021-2028) ($MN)   
125 South America Distributed Energy Resource Management System Market Outlook, By Geothermal Power (2021-2028) ($MN)   
126 South America Distributed Energy Resource Management System Market Outlook, By Wind Generation Units (2021-2028) ($MN)   
127 South America Distributed Energy Resource Management System Market Outlook, By Micro Turbines & Microgrids (2021-2028) ($MN)   
128 South America Distributed Energy Resource Management System Market Outlook, By Biogas (2021-2028) ($MN)   
129 South America Distributed Energy Resource Management System Market Outlook, By Solar Photovoltaic (PV) Units (2021-2028) ($MN)   
130 South America Distributed Energy Resource Management System Market Outlook, By End User (2021-2028) ($MN)   
131 South America Distributed Energy Resource Management System Market Outlook, By Government and Municipalities (2021-2028) ($MN)   
132 South America Distributed Energy Resource Management System Market Outlook, By Commercial (2021-2028) ($MN)   
133 South America Distributed Energy Resource Management System Market Outlook, By Defense (2021-2028) ($MN)   
134 South America Distributed Energy Resource Management System Market Outlook, By Residential (2021-2028) ($MN)   
135 South America Distributed Energy Resource Management System Market Outlook, By Industrial (2021-2028) ($MN)   
136 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Country (2021-2028) ($MN)   
137 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Component (2021-2028) ($MN)   
138 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Services (2021-2028) ($MN)   
139 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Software (2021-2028) ($MN)   
140 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Distribution Management Software & Control (2021-2028) ($MN)   
141 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Analytics (2021-2028) ($MN)   
142 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Virtual Power Plant (VPP) Software & Simulation (2021-2028) ($MN)   
143 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Application (2021-2028) ($MN)   
144 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Hybrid Systems (2021-2028) ($MN)   
145 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Biomass (2021-2028) ($MN)   
146 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Energy Storage/Uninterruptible Power Source (UPS) Systems (2021-2028) ($MN)   
147 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Internal Combustion Engines (2021-2028) ($MN)   
148 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Fuel Cells (2021-2028) ($MN)   
149 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Stirling Engines (2021-2028) ($MN)   
150 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Electric Vehicles (EV) Charging Stations (2021-2028) ($MN)   
151 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Combined Heat & Power Generation Systems (2021-2028) ($MN)   
152 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Geothermal Power (2021-2028) ($MN)   
153 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Wind Generation Units (2021-2028) ($MN)   
154 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Micro Turbines & Microgrids (2021-2028) ($MN)   
155 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Biogas (2021-2028) ($MN)   
156 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Solar Photovoltaic (PV) Units (2021-2028) ($MN)   
157 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By End User (2021-2028) ($MN)   
158 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Government and Municipalities (2021-2028) ($MN)   
159 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Commercial (2021-2028) ($MN)   
160 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Defense (2021-2028) ($MN)   
161 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Residential (2021-2028) ($MN)   
162 Middle East & Africa Distributed Energy Resource Management System Market Outlook, By Industrial (2021-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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